On the evening of April 12th, Ganfeng Lithium (002460) disclosed its investor activity record, stating that its operating revenue in 2023 was 32.972 billion yuan, a year-on-year decrease of 21.16%; The net profit attributable to shareholders of the listed company was 4.947 billion yuan, a year-on-year decrease of 75.87%.
It is understood that in 2023, in the field of lithium chemical industry, the annual production expansion project of 2000 tons of butyl lithium at Ganfeng Lithium’s 10000 ton lithium salt factory has been completed. The 10000 ton lithium salt factory and Xinyu Ganfeng factory have optimized, subdivided, and integrated their products and production capacity; The annual production of 25000 tons of lithium hydroxide project in Fengcheng Ganfeng Phase I has been completed.
In terms of lithium resources, the expansion and construction of the 900000 tons/year lithium pyroxene concentrate production capacity of the MountMarion lithium pyroxene concentrate project in Australia has been basically completed, and the production capacity is gradually being released; The first phase of the Cauchari Olaroz lithium salt lake project in Argentina with an annual production capacity of 40000 tons of lithium carbonate was completed in the first half of 2023, and approximately 6000 tons of LCE products were produced in 2023. The project is currently steadily climbing and is expected to gradually reach its design capacity by 2024; The construction of the first phase of the Goulamina spodumene project in Mali, with an annual planned production capacity of 506000 tons of spodumene concentrate, is currently underway and is expected to be put into operation in 2024; The Inner Mongolia Gabus Lithium Tantalum Mine project has completed the construction and commissioning of the first phase of 600000 tons/year mining and beneficiation project. It is expected that the project will continue to produce lithium mica concentrate in 2024.
In terms of lithium batteries: Ganfeng Lithium Battery Chongqing Solid State Battery Production Base Phase I has been capped, and solid state battery packs have been delivered; We have delivered over a hundred large-scale energy storage projects with a total application scale of over 11000MWh. In terms of large-scale energy storage business, we have participated in several of the first batch of large-scale photovoltaic energy storage projects in the country, and have undertaken individual energy storage projects of over 500MWh and multiple large-scale energy storage projects of large energy central enterprises. We have successfully opened up overseas energy storage business and shipped more than 20 container energy storage equipment; The automation coverage rate of the two consumer battery production bases in Huizhou and Xinyu is over 97%, with a daily output of 1.85 million units.
In terms of battery recycling: Ganfeng Lithium has established multiple dismantling and regeneration bases in Xinyu, Jiangxi, Ganzhou, and Dazhou, Sichuan, among others. The comprehensive recycling and processing capacity of retired lithium-ion batteries and metal waste has reached 200000 tons, with a lithium comprehensive recycling rate of over 90% and a nickel cobalt metal recycling rate of over 95%. It has become one of the top three battery recycling enterprises in China with the largest capacity for lithium iron phosphate batteries and waste recycling.
In addition, Ganfeng Lithium currently plans to produce 20000 tons of lithium carbonate and 80000 tons of iron phosphate annually. The project is under construction and is expected to be completed and gradually put into operation in the second half of 2024.
Regarding the future price trend of lithium carbonate, Ganfeng Lithium stated that several Australian miners have frequently auctioned lithium concentrates in order to guide the pricing of spodumene through a small amount of ore auctions. However, the company believes that market prices are still determined by supply and demand. At present, the spot price of lithium carbonate is around 100000 yuan, and the futures price is between 100000 yuan and 110000 yuan
Post time: May-24-2024